Here is more in the understanding of tools for accurate and useful data management and results.
Excerpt…..The words stochastic and simulation together are needed to describe this method of problem-solving. Simulation denotes a “representation of the operation or features of one process or system through the use of another.” A simulation is thus a model used to produce outputs that in turn facilitates learning about a process of interest.
Read full article…….via Stochastic Simulation – Part 1. From Information Management